[2024.8.12 Bitcoin Ethereum Intraday Market Analysis]

Good afternoon, brothers. In the Bitcoin market analysis last night, we talked about that only when it stands above 59880 will it lead to a rebound at the 4-hour level. The highest rebound in the morning was 59895 and then went down. If it can't stand at this position, it means that the rebound is relatively weak. At present, the market is preparing to go down again.

$BTC Pay attention to the position of 59200 today. If the 4-hour level closing line does not stand at this position, then basically this wave of rebound will end. Pay attention to the support level below 58240-57620-56950!

If you want to go up today, you must stand above 59200. Only when you stand above this position, the small level will start to rebound upward. Pay attention to the upper target/pressure level near 59880-60690-61660! #BTC走势分析

$BTC I said last night that if you want to go up, you must break through and stabilize the pressure level of 2723 in the daily sideways zone. The highest point in the morning was 2750 and then fell.

At present, the ether has a small level correction. The lower support level should pay attention to the 4-hour support level of 2625. As long as it does not fall below this position, it will still go up after stepping on it. The upper target/pressure level should pay attention to the positions of 2685-2735-2800. At the 1-hour level, only when the closing line stands above 2685, this wave of correction will end and start to rise!

If it falls below 2625 today, the 4-hour level will start to pull back. The lower support level should pay attention to the positions of 2587-2553-2505! #ETH走势分析

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